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Global Automotive Data Management Market Comprehensive Study: Forecasted Market Size And Growth Rate | Microsoft Corporation, Robert Bosch GmbH, Amazon Web Services Inc., Siemens AG, IBM Corporation
Automotive Data Management Market Characteristics
The Business Research Company offers in-depth market insights through Automotive Data Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive data management market size has grown exponentially in recent years. It will grow from $1.69 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 20.7%. The growth in the historic period can be attributed to rise of connected vehicles, growing importance of cybersecurity, compliance with regulations, cross-industry collaborations..
The automotive data management market size is expected to see rapid growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to emergence of edge computing, shift towards autonomous vehicles, data monetization opportunities, integration of ai and machine learning, focus on data quality and standardization, increased cloud adoption.. Major trends in the forecast period include rise of connected vehicles, emergence of edge computing, growing importance of cybersecurity, shift towards autonomous vehicles, data monetization opportunities..
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Market Segmentation:
The automotive data management market covered in this report is segmented -
1) By Component: Software, Service
2) By Data Type: Unstructured, Semi-Structured And Structured
3) By Deployment Type: Cloud, On-Premises
4) By Vehicle Type: Non-Autonomous, Autonomous
5) By Application: Driver And User Behavior Analysis, Safety And Security Management, Predictive Maintenance, Warranty Analytics, Dealer Performance Analysis
Major Driver - Exploring The Growth Of Automotive Data Management In The Era Of Autonomous Vehicles
The growing emergence of autonomous vehicles is expected to propel the growth of the automotive data management market going forward. An autonomous vehicle is a self-driving car that operates independently of human control using a combination of sensors, cameras, radar, and artificial intelligence. Automotive data management helps autonomous vehicles by collecting, processing, and analyzing vast amounts of data from the sensors and systems to ensure safe and efficient operation, optimize performance, and improve the driving experience. For instance, in 2022, according to the Insurance Institute for Highway Safety, a US-based independent, nonprofit scientific and educational organization, there will be 3.5 million self-driving vehicles on U.S. roads by 2025 and 4.5 million by 2030. Additionally, it is estimated that 75% of cars on the roads in the world are expected to be autonomous by 2040. Therefore, the growing emergence of autonomous vehicles is driving the growth of the automotive data management market.
Competitive Landscape:
Major companies operating in the automotive data management market report are Microsoft Corporation, Robert Bosch GmbH, Amazon Web Services Inc., Siemens AG, IBM Corporation, Cisco Systems Inc., Oracle Corporation, Continental AG, SAP SE, DXC Technology Company, NXP Semiconductors NV, Wipro Limited, iSoftstone, Acerta Analytics Solutions Inc., N-iX Ltd., Future Processing, Softweb Solutions Inc., Azuga Inc., Xevo Inc., Sibros Technologies Inc., Procon Analytics LLC, Otonomo Inc., AGNIK LLC, Phocas Ltd., National Instrument Corp.
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Top Trend - Revolutionizing Automotive Data Management With Advanced Technologies
Major companies operating in the automotive data management market are focused on developing new services incorporating IoT technologies in fleet services to increase their profitability in the market. IoT technologies in fleet services encompass the integration of interconnected devices and sensors in vehicles to gather, transmit, and manage automotive data for enhanced operational efficiency and decision-making. For instance, in September 2022, Amazon Web Services, a US-based cloud computing platform provided by Amazon, launched AWS FleetWise. AWS IoT FleetWise revolutionizes the way vehicle data is managed by streamlining the collection and organization of this data in the cloud. Its advanced data collection mechanism intelligently transfers only pertinent information, applying specific rules based on vehicle parameters to reduce redundant data.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Data Management Market Characteristics
3. Automotive Data Management Market Trends And Strategies
4. Automotive Data Management Market - Macro Economic Scenario
5. Automotive Data Management Market Size And Growth
…..
27. Automotive Data Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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